Search engine for discovering works of Art, research articles, and books related to Art and Culture
Javascript must be enabled to continue!
The Relationship Banking Stability, Exchange Rate, Foreign Direct Investment and Economic Growth in BRICS Countries: A Panel Data Evidence
View through CrossRef
This study aims to analyze the effect of banking stability, exchange rates, and external debt on economic growth in BRICS countries (Brazil, Russia, India, China, and South Africa) during the period 2011-2020. The data used in this study is panel data from five BRICS countries, obtained from the International Monetary Fund (IMF) and the World Bank. The method used is a panel data regression model using the Fixed Effect method. This model makes it possible to account for the fixed effects of time as well as the fixed effects of individual states in regression analysis. The results of the analysis show that banking stability has a significant negative influence on economic growth in BRICS countries. On the other hand, exchange rates and external debt have a significant positive impact on economic growth. These findings indicate that policies that promote banking stability, prudent exchange rate management, and effective use of external debt can support sustainable economic growth in BRICS countries. The results of the analysis show that banking stability has a significant negative influence on economic growth in BRICS countries. On the other hand, exchange rates and external debt have a significant positive impact on economic growth. These findings indicate that policies that promote banking stability, prudent exchange rate management, and effective use of external debt can support sustainable economic growth in BRICS countries.
Universitatea Petrol-Gaze din Ploiesti
Title: The Relationship Banking Stability, Exchange Rate, Foreign Direct Investment and Economic Growth in BRICS Countries: A Panel Data Evidence
Description:
This study aims to analyze the effect of banking stability, exchange rates, and external debt on economic growth in BRICS countries (Brazil, Russia, India, China, and South Africa) during the period 2011-2020.
The data used in this study is panel data from five BRICS countries, obtained from the International Monetary Fund (IMF) and the World Bank.
The method used is a panel data regression model using the Fixed Effect method.
This model makes it possible to account for the fixed effects of time as well as the fixed effects of individual states in regression analysis.
The results of the analysis show that banking stability has a significant negative influence on economic growth in BRICS countries.
On the other hand, exchange rates and external debt have a significant positive impact on economic growth.
These findings indicate that policies that promote banking stability, prudent exchange rate management, and effective use of external debt can support sustainable economic growth in BRICS countries.
The results of the analysis show that banking stability has a significant negative influence on economic growth in BRICS countries.
On the other hand, exchange rates and external debt have a significant positive impact on economic growth.
These findings indicate that policies that promote banking stability, prudent exchange rate management, and effective use of external debt can support sustainable economic growth in BRICS countries.
Related Results
BRICS and South African economic growth: Implications for Ethiopia, the new BRICS member
BRICS and South African economic growth: Implications for Ethiopia, the new BRICS member
This paper examines the BRICS’ impact on South Africa’s economic growth and its implications for Ethiopia, the new BRICS member. By analyzing the economic growth before and after B...
ACTUAL ISSUES OF ASSESSMENT OF THE INVESTMENT ENVIRONMENT
ACTUAL ISSUES OF ASSESSMENT OF THE INVESTMENT ENVIRONMENT
One of the most important factors of the sustainable and safe development of the national economy is the availability of investment resources in the economy, the establishment of a...
ECONOMIC ESSENCE OF THE FINANCIAL STABILITY OF THE BANKING SYSTEM
ECONOMIC ESSENCE OF THE FINANCIAL STABILITY OF THE BANKING SYSTEM
Introduction. The article examines the essence of financial stability and stability of the banking system in order to analyze and understand them. The main approaches to interpreti...
The Optimal Public Expenditure in Developing Countries
The Optimal Public Expenditure in Developing Countries
Many researchers believe that government expenditures promote economic growth at the first development stage. However, as public expenditure becomes too large, countries will suffe...
Macroeconomic Factors and Foreign Direct Investment: A Comparative Study of Nigeria and South Africa
Macroeconomic Factors and Foreign Direct Investment: A Comparative Study of Nigeria and South Africa
This study examined macroeconomic factors that determine foreign direct investment into Nigeria and South Africa. The effect Time series data was sourced from Central Bank of Niger...
The Economic Potential of the BRICS Countries: Challenge to the Realities of the Global World
The Economic Potential of the BRICS Countries: Challenge to the Realities of the Global World
BRIC an acronym for Brazil, Russia, India and China, originally founded in June, 2006, is a platform that serves as a bridge among aforementioned countries in order to collaborate ...
FOREIGN DIRECT INVESTMENTS IN DEVELOPING COUNTRIES
FOREIGN DIRECT INVESTMENTS IN DEVELOPING COUNTRIES
Purpose- The purpose of this study is to study is to determine the possible determinants of foreign direct investment in 10 emerging economies (Argentina, Brazil, Chile, Colombia, ...
The Impact of MSMEs Financing in Islamic Bank on Unemployment in Indonesia
The Impact of MSMEs Financing in Islamic Bank on Unemployment in Indonesia
ABSTRACT
One of the contributions of the Islamic banking sector to Indonesia’s economy is channeling funds to MSMEs in the form of financing since a number of them could not access...